Small and medium-sized enterprises (SMEs) are defined in the EU recommendation 2003/361.
The main factors determining whether an enterprise is an SME are:
- staff headcountand
- either turnoveror balance sheet total.
Company category | Staff headcount | Turnover | or | Balance sheet total |
Medium-sized | < 250 | ≤ € 50 m | ≤ € 43 m |
Small | < 50 | ≤ € 10 m | ≤ € 10 m |
Micro | < 10 | ≤ € 2 m | ≤ € 2 m |
| | | | | |
These ceilings apply to the figures for individual firms only. A firm that is part of larger group may need to include staff headcount/turnover/balance sheet data from that group too.